H.B. Fuller Company has recently released its 10-K report, providing an in-depth look at the company's financial condition and operations. The company, founded in 1887 and headquartered in Saint Paul, Minnesota, is a global formulator, manufacturer, and marketer of adhesives and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Building Adhesive Solutions.
The Hygiene, Health and Consumable Adhesives segment supplies adhesives for various markets including packaging, converting, nonwoven and hygiene, health and beauty. The Engineering Adhesives segment provides high-performance adhesives to industries such as transportation, electronics, clean energy, and aerospace. The Building Adhesive Solutions segment manufactures specialty adhesives, sealants, tapes, and application devices for commercial building roofing systems, heavy infrastructure projects, and other applications.
In the 10-K report, the company discusses various external factors that impact its operations, including changes in raw material prices, global supply and demand for raw materials, economic growth rates, and currency exchange rates compared to the U.S. dollar. The report also highlights key financial results and transactions for 2025, including a 2.7 percent decrease in net revenue primarily driven by acquisitions/divestitures, a 4.5 percent increase in Adjusted EBITDA, and a gross profit margin increase to 31.1 percent.
Additionally, the report provides insights into the company's Project ONE, a multi-year project aimed at replacing and enhancing its core information technology platforms. The total expenditures for Project ONE are estimated to be $300 to $320 million, with approximately $165 million already incurred as capital expenditures.
The 10-K report also discusses the company's restructuring plans, which incurred costs of $79.2 million as of November 29, 2025, and critical accounting policies and significant estimates, including goodwill impairment, pension and other postretirement plan assumptions, and long-lived assets recoverability.
As a result of these announcements, the company's shares have moved -4.65% on the market, and are now trading at a price of $60.54. Check out the company's full 10-K submission here.
